Traveler Accommodation
Industry Group (7211)
2024-Q2: $778B MX, Gross Domestic Product
DENUE May 2024: 22,375, Economic units
Jan-Jun 2024: US$63.4M, Foreign Direct Investment
In the second quarter of 2024 the gross domestic product was $778B MX, 2.32% more than the previous quarter.
According DENUE 2024, Traveler Accommodation registered 22,375 economic units. The states with the highest number of economic units were Veracruz de Ignacio de la Llave (1,827), Jalisco (1,553), and Oaxaca (1,473).
According to data from the Economic Census 2019, total gross production was $228B MX. The states with the highest total gross production were Quintana Roo ($76.7B MX) and Ciudad de México ($24.5B MX).
For its part, total income reached $234B MX in 2019, being the states with the highest income Quintana Roo ($79.9B MX) and Ciudad de México ($24.8B MX).
Economic activities are related if they require similar knowledge or inputs. In 2014 in Traveler Accommodation the states with the highest affinity were Chihuahua (0.71), Sonora (0.7), Coahuila de Zaragoza (0.67), Nuevo León (0.65), and Baja California (0.64).
Production
#permalink to sectionGross Domestic Product
#permalink to sectionGross domestic product 2024-Q2: $778B MX
Gross Domestic Product 2023: $754B MX
* Data displayed corresponds to the sector Accommodation and Food Services since the information at lower levels of disaggregation is not available.
In the second quarter of 2024, Accommodation and Food Services recorded a gross domestic product of $778B MX, evidencing an increase of 2.32% compared to the previous quarter and an increase of 2.59% compared to the same period of the previous year.
* Current values, at current prices, base year 2013. Excludes taxes on products.
Production Indicators by State
#permalink to sectionAccording to data from the Economic Census 2019, 21,174 economic units were totaled in Traveler Accommodation, highlighting Veracruz de Ignacio de la Llave (1,726), Jalisco (1,475), and Oaxaca (1,398).
Total gross production was $228B MX. The states with the highest total gross production were Quintana Roo ($76.7B MX) and Ciudad de México ($24.5B MX).
Total income reached $234B MX in 2019, being the states with the highest income Quintana Roo ($79.9B MX) and Ciudad de México ($24.8B MX).
* It is recommended to consider the values as approximations of the real value because some records have been anonymized due to confidentiality principles.
Production Indicators by Municipality
#permalink to sectionAccording to dato from Economic Census 2014, Traveler Accommodation had a total of 48,696 economic units and the municipalities with the highest number of economic units were Cuauhtémoc (1.18k), Acapulco de Juárez (1.14k), and Oaxaca de Juárez (825)
Total income eached $304B MX and the municipalities with the highest income were Benito Juárez ($47.8B MX), Solidaridad ($38.6B MX), and Los Cabos ($25.6B MX).
Total expenditures were $212B MX and the municipalities with the highest expenditures were Benito Juárez ($33.8B MX), Solidaridad ($28.8B MX), and Los Cabos ($18.2B MX).
On the other hand, in 2014 there were 569934 employees dependent on economic units and the municipalities with the highest number of employees were Benito Juárez (36.7k), Solidaridad (26.2k), and Cuauhtémoc (20.9k).
* Any inconsistency between the data at the state and municipal level is due to the anonymization methodologies applied to the data, also municipalities not shown in the visualization have been anonymized.
Economic Units
#permalink to sectionThe visualization shows the number of economic units in Traveler Accommodation according to the number of employees.
According to DENUE data published in May 2024, 16,806 companies with 0 to 10 employees were registered (61 companies less than the previous period). In the same period, 4,224 companies with 11 to 50 employees were registered (34 companies less than the previous period).
577 companies with 51 to 100 employees were registered in 2024 (15 companies less than the previous period). Likewise, 768 companies with more than 101 employees were registered (14 companies less than the previous period).
Source National Statistical Directory of Economic Units (DENUE)
Investment
#permalink to sectionForeign Direct Investment (FDI)
#permalink to section- US$63.4M, FDI Jan-Jun 2024
- US$8.98B, FDI Jan-1999 to Jun-2024
In the period January to June 2024, FDI from Traveler Accommodation was US$63.4M, distributed in equity Capital (Confidential), reinvestment of earnings (US$25.8M), and inter-company debts (-US$21.3M).
Since January 1999 to June 2024, the accumulated amount of FDI in Traveler Accommodation was US$8.98B, distributed in equity Capital (US$5.55B), reinvestment of earnings (US$1.8B), and inter-company debts (US$1.63B).
* Confidential data is not shown in the chart (see information icon in the section).
Foreign Direct Investment (FDI) by State
#permalink to sectionPeriod Jan-Jun 2024: US$0
Period Jan-1999 to Jun-2024: US$3.65B, Quintana Roo is the main receiving state
No FDI is recorded in the period January to June, 2024
Historically (from January 1999 to June2024) the states that have received the highest FDI are Quintana Roo (US$3.65B), Mexico City (US$1.81B), and Baja California Sur (US$1.62B).
* Information download does not contain confidential data.
Foreign Direct Investment (FDI) Origin
#permalink to sectionPeriodo Jan-Jun 2024: ---, US$0
Main investing country between Jan-1999 and Jun-2024: Spain, US$2.98B
No FDI is recorded in the period January to June of 2024.
Historically (from January 1999 to June de 2024) the countries that contributed the most to FDI were Spain (US$43M).
* Information download does not contain confidential data.
Specialization and Opportunity
#permalink to sectionAs of May 2021, the states with the highest degree of specialization in Traveler Accommodation were Quintana Roo (4.46), Nayarit (2.63), and Guerrero (1.59). The degree of specialization is measured using the RCA index, which represents the ratio between the observed and expected establishments of each state for each industry.
The states with the highest degree of development opportunity in Traveler Accommodation according to Relatedness were Coahuila de Zaragoza (0.67), Nuevo León (0.65), and Sinaloa (0.61). The Relatedness measures the distance between an industry and the current industrial composition in each state. The presented entities register a level of specialization lower than one unit (RCA <1).